Share
Weed stocks bounced strongly during yesterday’s stock trading session after heading down for six of the past eight sessions as the WallStreetBets (WSB) crowd seems to be attempting a comeback after pulling a historic short-squeeze only weeks ago. Meanwhile, bullish comments from the Chief Executive of Ontario-based cannabis producer Aphria, Irwin Simon, may have contributed…
Share
Canopy Growth (NYSE: CGC) stock price ranked among the biggest losers of fiscal 2019 amid concerns over increasing supplies and the entry of several new players in the emerging cannabis industry. Canopy Growth stock price lost 27 per cent of value in 2019 compared to the S&P 500 index growth of almost 29 per cent….
Share
Canopy Growth (NYSE: CGC) stock price has lost substantial value in the past couple of months amid lower than expected growth from the entire marijuana industry. Some investors believe the emerging industry was overhyped and the selloff has helped in correcting the valuations. CGS shares lost more than 70% of value since the beginning of…
Share
Cronos Group (NASDAQ: CRON) stock price tumbled sharply since the beginning of this year. The shares are down 26% year to date, down almost 50% from 52 weeks high that it had hit at the end of the first quarter. The share price selloff is supported by trader’s concerns over lower than expected growth in…
Share
The Cannabis industry has been expanding around the world during the last few years. Many countries are starting to produce different cannabis-based products, while others are legalizing and regulating medical and recreative marijuana products for their populations. Back in 2018, many cannabis stocks reached all-time highs and expanded massively in the financial markets. This year,…
Share
Viraj is a freelance writer with a passion for everything related to finance, crypto and fintech. He has been covering finance news for over five years and has written for a number of publications around the web, covering anything from breaking news to stock analysis pieces. Online contributions Blokt Insider Monkey InvestCorrectly Inside Bitcoins…
Share
A British company in the marijuana industry is plotting a £100 million float making it the largest cannabis firm to be traded on the London Stock Exchange (LSE). Cannaray is expected to become the only LSE listed cannabis grower. Cannaray Plots £100 Million Float Marijuana stocks have been a hot topic during the last year….
Share
The sponsor of a California bill seeking to allow banks and credit unions to conduct business with cannabis companies pulled it shortly before the floor vote, saying ‘we have to do it right.’ The Democrats-allied Los Angeles Senator Bob Hertzberg declared his intention to change Senate Bill 51 to a two-year bill, seeking to reintroduce…
Share
Canopy Growth (NYSE: CGC) stock price lost 43% of value in the last three months alone. The stock is currently trading at the lowest level in one year. Higher valuations and rising competition are impacting Canopy Growth stock price performance. In addition, lower than expected financial numbers have also been adding to stock price selloff….
Share
It is all legal to sell and distribute pot in Canada for medicinal and recreational purposes. And in the United States, 30 states have already passed legislation legalizing the use of cannabis for medicinal use. Away from the healthcare industry, textile industry players are after what the United States federal government considers a Schedule I…
